Le Lézard
Classified in: Oil industry
Subject: OFR

Parsley Energy, LLC Announces $600 Million Private Offering of Senior Unsecured Notes due 2027



AUSTIN, Texas, Oct. 5, 2017 /PRNewswire/ -- Parsley Energy, LLC ("Parsley"), a subsidiary of Parsley Energy, Inc. (NYSE: PE) ("Parsley Inc."), and Parsley's wholly owned subsidiary, Parsley Finance Corp., announced today that they have commenced, subject to market conditions and other factors, a private offering of $600 million in aggregate principal amount of senior unsecured notes due 2027 to eligible purchasers (the "Notes Offering").

Parsley intends to use the net proceeds of the Notes Offering to fund a portion of its capital program and for general corporate purposes. 

The securities to be offered in the Notes Offering have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Parsley plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Parsley's expectations or beliefs concerning future events, and it is possible that the results described in this news release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Parsley's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Parsley does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Parsley to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Parsley Inc.'s filings with the SEC, including, but not limited to, Parsley Inc.'s Annual Report on Form 10-K for the year ended December 31, 2016 and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The risk factors and other factors noted in Parsley Inc.'s SEC filings could cause actual results to differ materially from those contained in any forward-looking statement.

Parsley Energy

 

SOURCE Parsley Energy, LLC


These press releases may also interest you

at 09:00
Simmons Bank, as Trustee of the Permian Basin Royalty Trust ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.057454 per unit, payable on August 14, 2018, to unit holders of record on July 31,...

at 08:05
Simmons Bank, as Trustee of the Cross Timbers Royalty Trust , today declared a cash distribution to the holders of its units of beneficial interest of $0.125057 per unit, payable on August 14, 2018, to unitholders of record on July 31, 2018. The...

at 07:45
:  Further to Eagle Energy Inc.'s ("Eagle") previously announced strategy of reducing debt and interest charges, Eagle is pleased to announce it has signed an agreement to sell its entire interest in its oil and natural gas properties near Twining,...

at 07:30
CSI Compressco LP ("CSI Compressco") announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30, 2018 of $0.1875 per outstanding common unit, or $0.75 per outstanding...

at 07:30
Researched by Industrial Info Resources (Sugar Land, Texas)--Kinder Morgan Incorporated (KMI) (Houston, Texas) reaped the benefits of rapidly growing natural gas demand in second-quarter 2018 as increased activity across nearly all its large...

at 07:00
Chesapeake Energy Corporation today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A...




News published on 5 october 2017 at 07:30 and distributed by: